Bandhan Bank rebounds 7% from day's low after huge block deals

Shares of Bandhan Bank moved higher by 4 per cent to Rs 328.50, recovering 7 per cent from a low of Rs 306.55 on the BSE in Friday’s intra-day trade after more than 50 million equity shares of the private sector lender changed hands via block deals. The stock had hit a 52-week high of Rs 364.85 on April 9, 2021.

At 09:15 am; 50.14 million equity shares representing 3.11 per cent of total equity of Bandhan Bank changed hands on the BSE, the exchange data shows. The names of the buyers and sellers were not ascertained immediately.